FL H1569 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Passed on April 29 2024 - 100% progression
Action: 2024-04-29 - Chapter No. 2024-134
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Passed on April 29 2024 - 100% progression
Action: 2024-04-29 - Chapter No. 2024-134
Text: Latest bill text (Enrolled) [PDF]
Summary
Authorizes FSC to adopt rules prescribing criteria & processes for determining whether organization is bona fide nonprofit organization for specified purpose; provides exemptions from certain regulation for bona fide nonprofit organizations & certain employees of bona fide nonprofit organization that meet specified criteria; requires Office of Financial Regulation to make specified determination; requires office to make such determination based on terms consistent with loan origination in public or charitable context; requires office to periodically examine books & activities of organization & to revoke its status as bona fide nonprofit organization.
Title
Exemption from Regulation for Bona Fide Nonprofit Organizations
Sponsors
| House Insurance & Banking Subcommittee | Rep. Michael Grant [R] | Rep. Cyndi Stevenson [R] | Rep. Chase Tramont [R] |
Roll Calls
2024-03-04 - Senate - Senate: Third Reading RCS#25 (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-15 - House - House: Third Reading RCS#623 (Y: 118 N: 0 NV: 2 Abs: 0) [PASS]
2024-01-30 - House - House Commerce Committee (Y: 16 N: 0 NV: 0 Abs: 5) [PASS]
2024-01-25 - House - House Insurance & Banking Subcommittee (Y: 16 N: 0 NV: 0 Abs: 4) [PASS]
2024-02-15 - House - House: Third Reading RCS#623 (Y: 118 N: 0 NV: 2 Abs: 0) [PASS]
2024-01-30 - House - House Commerce Committee (Y: 16 N: 0 NV: 0 Abs: 5) [PASS]
2024-01-25 - House - House Insurance & Banking Subcommittee (Y: 16 N: 0 NV: 0 Abs: 4) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-29 | Chapter No. 2024-134 | |
| 2024-04-26 | Approved by Governor | |
| 2024-04-16 | Signed by Officers and presented to Governor | |
| 2024-03-04 | House | Ordered enrolled |
| 2024-03-04 | House | In Messages |
| 2024-03-04 | Senate | CS passed; YEAS 40 NAYS 0 |
| 2024-03-04 | Senate | Read 3rd time |
| 2024-03-04 | Senate | Read 2nd time |
| 2024-03-04 | Senate | Substituted for CS/SB 514 |
| 2024-03-04 | Senate | Placed on Calendar, on 2nd reading |
| 2024-03-04 | Senate | Withdrawn from Rules |
| 2024-02-20 | Senate | Received |
| 2024-02-16 | Senate | Referred to Rules |
| 2024-02-15 | Senate | In Messages |
| 2024-02-15 | House | CS passed; YEAS 118, NAYS 0 |
| 2024-02-15 | House | Read 3rd time |
| 2024-02-15 | House | Added to Third Reading Calendar |
| 2024-02-15 | House | Read 2nd time |
| 2024-02-12 | House | Bill added to Special Order Calendar (2/15/2024) |
| 2024-01-30 | House | Added to Second Reading Calendar |
| 2024-01-30 | House | Bill released to House Calendar |
| 2024-01-30 | House | Reported out of Commerce Committee |
| 2024-01-30 | House | Favorable by Commerce Committee |
| 2024-01-26 | House | 1st Reading (Committee Substitute 1) |
| 2024-01-26 | House | Added to Commerce Committee agenda |
| 2024-01-26 | House | Now in Commerce Committee |
| 2024-01-26 | House | Referred to Commerce Committee |
| 2024-01-25 | House | CS Filed |
| 2024-01-25 | House | Laid on Table under Rule 7.18(a) |
| 2024-01-25 | House | Reported out of Insurance & Banking Subcommittee |
| 2024-01-25 | House | Favorable with CS by Insurance & Banking Subcommittee |
| 2024-01-23 | House | Added to Insurance & Banking Subcommittee agenda |
| 2024-01-13 | House | Now in Insurance & Banking Subcommittee |
| 2024-01-13 | House | Referred to Commerce Committee |
| 2024-01-13 | House | Referred to Insurance & Banking Subcommittee |
| 2024-01-09 | House | 1st Reading (Original Filed Version) |
| 2024-01-08 | House | Filed |
Same As/Similar To
S514 (Similar To) 2024-03-04 - Laid on Table, refer to CS/HB 1569
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 494 | 0011 | Amended Code | See Bill Text | |
| 494 | 00115 | Amended Code | See Bill Text |
